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Pricing

2023
Flag → Flag
Exports $1.56MRnk 66 / 156
2023
Flag → Flag
Top Product $412kNon-Knit Men's Suits
2023
Flag → Flag
Exports $1.25MRnk 139 / 193
2023
Flag → Flag
Top Product $888kSeed Oils
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Madagascar-Ukraine Trade: In 2023, Madagascar exported $1.56M to Ukraine. The main products that Madagascar exported to Ukraine were Non-Knit Men's Suits ($412k), Non-Knit Women's Shirts ($280k), and Non-Knit Men's Shirts ($238k). Over the past 5 years the exports of Madagascar to Ukraine have increased at an annualized rate of 5.22%, from $1.21M in 2018 to $1.56M in 2023.

In 2023, Madagascar did not export any services to Ukraine.

Ukraine-Madagascar Trade: In 2023, Ukraine exported $1.25M to Madagascar. The main products that Ukraine exported to Madagascar were Seed Oils ($888k), Dried Legumes ($358k), and Video Displays ($161). Over the past 5 years the exports of Ukraine to Madagascar have decreased at an annualized rate of 3.73%,  from $1.51M in 2018 to $1.25M in 2023.

In 2023, Ukraine did not export any services to Madagascar.

Comparison: In 2023,  Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $1.56M to Ukraine. The main products exported from Madagascar to Ukraine were Non-Knit Men's Suits ($412k), Non-Knit Women's Shirts ($280k), and Non-Knit Men's Shirts ($238k). During the last 5 years the exports of Madagascar to Ukraine have increased at an annualized rate of 5.22%, from $1.21M in 2018 to $1.56M in 2023.

In 2018, Ukraine exported $1.25M to Madagascar. The main products exported from Ukraine to Madagascar were Seed Oils ($888k), Dried Legumes ($358k), and Video Displays ($161). During the last 5 years the exports of Ukraine to Madagascar have decreased at an annualized rate of 3.73%, from $1.51M in 2023 to $1.25M in 2018.

Exports from Madagascar (Flag) to Ukraine (Flag) (2023)

Exports from Ukraine (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and Ukraine (Flag)

Madagascar Exports

Ukraine Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Ukraine
Top DestinationPoland$4.83B

This map shows whether countries import more from Madagascar or Ukraine. Each country is colored based on the difference in imports they receive from Madagascar and Ukraine or the difference in the growth in imports.

In 2023, countries that imported more from Madagascar than Ukraine included Japan ($345M), South Korea ($271M), and France ($641M).

In 2023, countries that imported more from Ukraine than Madagascar included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

Difference in imports from Ukraine (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - Ukraine

Flow
Scale

This chart compares trade between Madagascar and Ukraine by product, considering products traded by both, Madagascar and Ukraine.

During 2023, Madagascar had a large net trade with Ukraine in the exports of Textiles ($1.26M), Vegetable Products ($182k), and Mineral Products ($62k).

During 2018, Ukraine had a large net trade with Madagascar in the exports of Animal and Vegetable Bi-Products ($888k), Vegetable Products ($358k), and Machines ($161).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Ukraine+$14.2kGraphite
Top Product Potential Ukraine Madagascar+$410kSeed Oils

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Madagascar and Ukraine. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Madagascar.

Product Space of Madagascar (Flag) and Ukraine (Flag) (2023)

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